Watch / Conditional Tokens - Road to Futarchy

Conditional Tokens - Road to Futarchy

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Conditional Tokens - Road to Futarchy

Duration: 00:23:18

Speaker: Friederike Ernst, Stefan George

Type: Breakout

Expertise: Intermediate

Event: Devcon 5

Date: Oct 2019

Conditional tokens are a new crypto primitive which in the broadest sense allow for the incorporation of conditions into fungible assets. There are a myriad use cases for these conditional tokens, ranging from conditional payment to synthetic derivatives and event futures. Conditional tokens also elegantly capture the fundamental concept behind prediction markets: Conditional tokens allow tokenization of future events and make their outcomes tradable. We developed a new smart contract framework for conditional tokens which allows seamless combination of conditions for multiple future events. This concept lays the foundation for taking prediction markets beyond the PoC stage by natively allowing (1) markets to show dependencies between events in a scalable manner and (2) showing how the value of a specific asset is impacted by a possible future. Showing these dependencies is one of the core mechanisms used for Futarchy, a governance model reliant on decision markets. In our presentation we will explain the implementation of our framework and how it can be utilized for Futarchy.
About the speakers

SG

Stefan George

CTO

Stefan is an entrepreneur and developer who became interested in Bitcoin in 2013. He started his own Bitcoin startup Fairlay, one of the leading prediction markets using Bitcoin today. Previously Stefan worked at tech companies in Silicon Valley and at Berlin-based startups. After finishing his Master’s in CS he decided to travel Asia for a year in 2014 and started Gnosis afterwards working from Berlin. The first alpha version of Gnosis was released just one week after the launch of Ethereum. Stefan leads the development at Gnosis and implemented the smart contracts behind the prediction market platform. In addition, Stefan wrote the multisig-wallet which became a standard for ICOs today.

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